MEDIFAR: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MEDIFAR
Largest movements
- Cash -€117,338
down €117,338 (-15.2%), from €772,203 to €654,866
mainly Contributions, distributions and other (-€363,100) and Receivables within one year (-€19,001)
- Tangible fixed assets -€31,884
down €31,884 (-43.0%), from €74,116 to €42,232
of which Furniture and vehicles: -€30,899
- Receivables within one year +€19,001
up €19,001 (+17.0%), from €111,454 to €130,455
of which Other amounts receivable: +€20,120
- Reserves -€166,250
down €166,250 (-18.3%), from €907,260 to €741,010
- Tax, wage and social debts +€42,983
up €42,983 (+136%), from €31,690 to €74,673
of which Taxes: +€42,640
- Gross operating margin +€27,480
up €27,480 (+7.5%), from €364,852 to €392,332
- Taxes +€9,414
up €9,414 (+11.2%), from €84,294 to €93,707
- Staff costs -€7,272
down €7,272 (-11.2%), from €64,642 to €57,371
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €965,187 | €832,035 | -€133,153 | -13.8% |
| Fixed assets | 21/28 | €74,141 | €42,257 | -€31,884 | -43.0% |
| Tangible fixed assets | 22/27 | €74,116 | €42,232 | -€31,884 | -43.0% |
| Plant, machinery and equipment | 23 | €36,541 | €35,556 | -€986 | -2.7% |
| Furniture and vehicles | 24 | €37,575 | €6,676 | -€30,899 | -82.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €891,046 | €789,778 | -€101,268 | -11.4% |
| Amounts receivable within one year | 40/41 | €111,454 | €130,455 | +€19,001 | +17.0% |
| Trade receivables | 40 | €1,735 | €616 | -€1,119 | -64.5% |
| Other amounts receivable | 41 | €109,719 | €129,839 | +€20,120 | +18.3% |
| Cash at bank and in hand | 54/58 | €772,203 | €654,866 | -€117,338 | -15.2% |
| Deferred charges and accrued income | 490/1 | €7,389 | €4,457 | -€2,932 | -39.7% |
| Total equity and liabilities | 10/49 | €965,187 | €832,035 | -€133,153 | -13.8% |
| Equity | 10/15 | €913,880 | €747,640 | -€166,240 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €907,260 | €741,010 | -€166,250 | -18.3% |
| Distributable reserves | 133 | €907,260 | €741,010 | -€166,250 | -18.3% |
| Profit (loss) carried forward | 14 | €420 | €430 | +€10 | +2.4% |
| Amounts payable | 17/49 | €51,307 | €84,395 | +€33,087 | +64.5% |
| Amounts payable after more than one year | 17 | €1,535 | €0 | -€1,535 | -100% |
| Financial debts | 170/4 | €1,535 | €0 | -€1,535 | -100% |
| Amounts payable within one year | 42/48 | €49,331 | €84,004 | +€34,673 | +70.3% |
| Current portion of amounts payable after more than one year | 42 | €9,159 | €1,535 | -€7,624 | -83.2% |
| Trade debts | 44 | €8,482 | €7,796 | -€686 | -8.1% |
| Suppliers | 440/4 | €8,482 | €7,796 | -€686 | -8.1% |
| Taxes, remuneration and social security | 45 | €31,690 | €74,673 | +€42,983 | +136% |
| Taxes | 450/3 | €19,194 | €61,834 | +€42,640 | +222% |
| Remuneration and social security | 454/9 | €12,496 | €12,839 | +€343 | +2.7% |
| Accrued charges and deferred income | 492/3 | €441 | €391 | -€50 | -11.4% |
| Remuneration, social security and pensions | 62 | €64,642 | €57,371 | -€7,272 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,808 | €40,693 | +€2,885 | +7.6% |
| Other operating charges | 640/8 | €5,559 | €5,739 | +€180 | +3.2% |
| Gross operating margin | 9900 | €364,852 | €392,332 | +€27,480 | +7.5% |
| Operating profit (loss) | 9901 | €256,842 | €288,529 | +€31,687 | +12.3% |
| Financial income | 75/76B | €4,331 | €3,808 | -€524 | -12.1% |
| Recurring financial income | 75 | €4,331 | €3,808 | -€524 | -12.1% |
| Financial charges | 65/66B | €2,100 | €1,770 | -€330 | -15.7% |
| Recurring financial charges | 65 | €2,100 | €1,770 | -€330 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €259,074 | €290,567 | +€31,493 | +12.2% |
| Income taxes | 67/77 | €84,294 | €93,707 | +€9,414 | +11.2% |
| Profit (loss) for the period | 9904 | €174,780 | €196,860 | +€22,080 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €174,780 | €196,860 | +€22,080 | +12.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.